Latest news with #Ethere
Yahoo
23-07-2025
- Business
- Yahoo
New $2 billion Bitcoin buy shows crypto replacing real estate at core of Trump business empire
President Donald Trump's media company just bought a stash of the world's largest cryptocurrency. On Monday morning, Trump Media and Technology announced that it had acquired $2 billion in Bitcoin and Bitcoin-related securities. It also reserved $300 million to buy Bitcoin options. The market appeared to approve of the move as stock in Trump's firm jumped 7.2% on Monday morning from the previous close. It's up 9% at almost $20 over the past week. About two-thirds of the company's nearly $3 billion in liquid assets are allocated to Bitcoin. 'We're rigorously implementing our publicly announced strategy and fulfilling our Bitcoin treasury plan,' Trump Media president and CEO Devin Nunes said in a statement. 'These assets help ensure our Company's financial freedom.' Trump owned the majority of shares in Trump Media and transferred them in December to a revocable trust before he became president. The stock issued to buy Bitcoin has diluted Trump's ownership percentage. The mammoth crypto buy comes almost two months after the company said it had issued $2.5 billion of new stock and debt to pursue a Bitcoin treasury. The move also reinforces how crypto, not real estate, increasingly fuels the Trump family's business empire. Real estate to crypto For decades, Trump has touted his real estate dealmaking prowess. There was Mar a Lago, his golf club in Palm Beach; the Trump Tower, his skyscraper in midtown Manhattan; and a host of other properties that he said fueled a billion-dollar-plus empire. But, beginning in December 2022, just a month after the crypto exchange FTX declared bankruptcy, the longtime real estate mogul dove into crypto. His crypto businesses now account for at least half of his business's on-paper worth, according to previous reporting from Fortune and Forbes. Trump's early crypto forays included launching his own collection of NFTs, or non-fungible tokens, that depicted him as a muscular superhero or cowboy. Then, in 2024, as he was campaigning for reelection, Trump aligned himself with crypto executives and spoke at a marquee conference for Bitcoin. That summer, his sons Eric and Donald Jr. dove into crypto and launched their own decentralized finance application called World Liberty Financial. Add in a memecoin from Trump, another one for Melania, and a new Bitcoin mining business, and the Trumps' network of ventures increasingly looked less like a real estate empire and more like a crypto conglomerate. This includes Trump Media, which encompasses Truth Social, Trump's alternative to the social media website X. The company went public in March 2024 and has reported little revenue since its launch. For the first quarter of 2025, it recorded only $821,000 in its topline, according to a filing with the Securities and Exchange Commission. As it's struggled to find its footing in media, it's pivoted to crypto. In addition to its Bitcoin treasury, Trump Media has also filed to launch a string of crypto ETFs for tokens like Bitcoin, Ethereum, Solana, and others. It's even hinted at launching its own cryptocurrency and digital wallet. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bahrain News Gazette
23-04-2025
- Business
- Bahrain News Gazette
Bitget Upgrades Liquidity Incentive Program with Top-Tier Maker Rebate for Institutional Traders
Bitget Upgrades Liquidity Incentive Program with Top-Tier Maker Rebate for Institutional Traders Bitget Upgrades Liquidity Incentive Program with Top-Tier Maker Rebate for Institutional Traders VICTORIA, Seychelles, April 23, 2025 (GLOBE NEWSWIRE) — Bitget , the leading cryptocurrency exchange and Web3 company, has announced a major upgrade to its Liquidity Incentive Program, set to take effect on May 1, 2025. The revamped program introduces a more competitive fee structure, enhanced rewards, and expanded coverage for both spot and futures markets. This strategic update aligns with Bitget's commitment in 2025 to serving institutional investors, improving liquidity depth, and trading efficiency across its platform. The upgraded program introduces a tiered system with market-leading fee incentives, including maker rebates of up to -0.012% on spot and -0.005% on futures, and taker fees starting as low as 0.02% and 0.025%, respectively. For the first time, maker rebates will apply to major perpetual contract trading pairs such as BTCUSDT and ETHUSDT, significantly enhancing rewards for liquidity providers and high-frequency trading firms. Around 130 futures pairs now enjoy Bitget's top-tier fee rates, with more to be added in the following months after regular liquidity review. To further accelerate onboarding, new liquidity providers can submit historical trading records to receive a tier upgrade, granting access to better fee rates and higher API rate limits from the start. 'In 2025, one of our top strategic priorities is the expansion of Bitget's institutional ecosystem. By upgrading our liquidity incentives, we aim to create a more attractive and sustainable environment for market makers and professional traders. Strong institutional participation not only drives market depth but also contributes to the mass adoption of cryptocurrencies,' said Gracy Chen, CEO of Bitget . This announcement follows Bitget's recent upgrade of its institutional lending services, which now support over 50 collateral assets with flexible loan terms of up to 12 months — providing institutions with scalable and efficient access to capital. In parallel, Bitget also launched invite-only live trading for its Unified Account, enabling professional traders to manage spot, margin, and futures positions under one simplified interface. Together, these enhancements form a critical part of Bitget's broader institutional strategy, aimed at delivering a seamless, high-performance infrastructure that meets the evolving needs of sophisticated trading firms. For more details on the updated program, visit: Liquidity Incentive Program About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . A photo accompanying this announcement is available at GlobeNewswire Distribution ID 1001091755
